Major hedge funds are eyeing a significant opportunity in Venezuela's sovereign debt landscape. After recent geopolitical shifts, analysts believe a restructuring of the country's $60 billion debt burden could materialize within the year. Canaima Capital, a prominent fund focused on distressed assets, has signaled growing conviction around this thesis. The timing matters—debt restructurings of this scale typically create asymmetric payoff opportunities for sophisticated investors willing to navigate the complexity. Keep tabs on how Venezuelan political developments shape creditor negotiations and debt-for-equity swaps in the months ahead.